iShares Gold Trust $IAU Shares Sold by Evolve Private Wealth LLC

Evolve Private Wealth LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 240,561 shares of the exchange traded fund’s stock after selling 19,774 shares during the period. iShares Gold Trust makes up 1.1% of Evolve Private Wealth LLC’s portfolio, making the stock its 14th biggest holding. Evolve Private Wealth LLC’s holdings in iShares Gold Trust were worth $21,208,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wills Financial Group LLC lifted its holdings in shares of iShares Gold Trust by 9.8% during the fourth quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after purchasing an additional 13,093 shares during the last quarter. Hudson Oak Wealth Advisory LLC purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $1,725,000. Allianz SE boosted its holdings in shares of iShares Gold Trust by 2.8% in the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock worth $86,351,000 after buying an additional 32,341 shares during the period. Advisory Services Network LLC increased its position in shares of iShares Gold Trust by 20.3% in the third quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock worth $15,081,000 after acquiring an additional 35,018 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC raised its holdings in shares of iShares Gold Trust by 2.9% during the third quarter. Mill Creek Capital Advisors LLC now owns 203,287 shares of the exchange traded fund’s stock valued at $14,793,000 after acquiring an additional 5,749 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $79.33 on Monday. The firm has a market capitalization of $67.54 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40. The company’s 50 day simple moving average is $85.56 and its 200-day simple moving average is $87.73.

Trending Headlines about iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

• Negative Sentiment: Gold prices weakened after the Fed signaled a higher-for-longer rate stance, with some traders now pricing in the possibility of at least one rate hike later this year. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market outlooks point to gold testing key support levels, with analysts warning the metal could retest the $4,000 area if bearish momentum continues. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Stronger U.S. labor and manufacturing data, along with a firmer dollar, added to the pressure on precious metals and reinforced the shift away from defensive gold positioning. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

iShares Gold Trust Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).